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The Premiere Residential Acquires Soltra At SanTan Village Multifamily In Gilbert, AZ For $140M

Property Image
SOLD
$140,000,000
Sean Cunningham
Asher Gunter
Matt Pesch
+ 1

Arizona

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MultiFamily
Sold 07/12/2023
the dealplayerscompscontact
Property Image
SOLD

The Premiere Residential Acquires Soltra At SanTan Village Multifamily In Gilbert, AZ For $140M

1690 South Santan Village Parkway Gilbert, Arizona 85295, USA

See Similar Deals
MultiFamily
Sold 07/12/2023
Sean Cunningham
Asher Gunter
Matt Pesch
+ 1
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

Soltra at SanTan Village, a luxury apartment community in Gilbert, has been sold for $140 million. The property, located at 1690 South Santan Village Parkway, consists of 380 units, with an average price per unit of $368,421. This transaction marks a significant sale in the currently low-volume multifamily asset sales market in Gilbert, AZ.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $140,000,000
  • Units: 380
  • Price Per Unit: $368,421

The buyer in this transaction is The Premiere Residential, while the seller is Leon Capital Group. The deal was facilitated by the brokers, Matt Pesch, Asher Gunter, Sean Cunningham & Austin Groen, representing CBRE.

Players

Matt Pesch
CBRE
Matt Pesch
15 deals$1.2B volume
BROKER
Sean Cunningham
CBRE
Sean Cunningham
13 deals$1.3B volume
BROKER
Asher Gunter
CBRE
Asher Gunter
14 deals$1.2B volume
BROKER
Austin Groen
CBRE
Austin Groen
13 deals$1.1B volume(602) 735-1706
BROKER
TR
The Premiere Residential
BUYER
LG
Leon Capital Group
SELLER

Details

SOLD
IMAGE: Matt Pesch, Asher Gunter, Sean Cunningham & Austin Groen DATE: 07/12/2023 ADDRESS: 1690 South Santan Village Parkway MARKET: Gilbert, AZ ASSET TYPE: Multifamily BUYER: The Premiere Residential SELLER: Leon Capital Group BROKERS: Matt Pesch, Asher Gunter, Sean Cunningham & Austin Groen - CBRE SALE PRICE: $140,000,000 UNITS: 380 ~ PPU: $368,421 NOTE: Soltra at SanTan Village, a luxury apartment community in Gilbert, has been sold for $140 million, signaling a significant transaction in the currently low-volume multifamily asset sales market.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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